UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):      August 19, 2014

 

 

SELECT BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

 

North Carolina 000-50400 20-0218264

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

             700 W. Cumberland Street, Dunn, North Carolina 28334
                 (Address of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number, Including Area Code:      (910) 892-7080

 

Not Applicable

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 19, 2014, Select Bancorp, Inc. (the “Registrant”) was notified by Mark A. Holmes, current executive vice president, chief financial officer and principal financial officer of the Registrant, that he is resigning from all positions with the Registrant and its subsidiary bank effective October 18, 2014. Mr. Holmes was offered a job as president and chief executive officer of another North Carolina-based financial institution, and he has elected to pursue this opportunity. His resignation is not due to any disagreement with the Registrant related to its operations, policies or practices.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SELECT BANCORP, INC.
   
   
Date: August 22, 2014 By:  /s/ William L. Hedgepeth II
    William L. Hedgepeth II
President and Chief Executive Officer